Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Fulu Holdings's annualized net income for the quarter that ended in Dec. 2023 was HK$111.1 Mil. Fulu Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$1,329.9 Mil. Therefore, Fulu Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.36%.
The historical rank and industry rank for Fulu Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:02101'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.17 Med: 18.17 Max: 70.63
Current: 7.54
During the past 7 years, Fulu Holdings's highest Return-on-Tangible-Equity was 70.63%. The lowest was 6.17%. And the median was 18.17%.
HKSE:02101's Return-on-Tangible-Equity is ranked better than 50.91% of 1045
companies
in the Retail - Cyclical industry
Industry Median: 7.13
vs HKSE:02101: 7.54
Fulu Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Fulu Holdings's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Fulu Holdings's Return-on-Tangible-Equity
For the Internet Retail subindustry, Fulu Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fulu Holdings's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fulu Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fulu Holdings's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Fulu Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fulu Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fulu Holdings Ltd is a third-party virtual goods and services platform operator in China. Its platform connects virtual goods vendors and virtual goods sales channels. It serves virtual goods vendors, covering leisure and entertainment, games, telecommunications, and lifestyle services, providing virtual goods vendors with access to a variety of sales channels, such as e-commerce and online payment platforms. It generates revenues from providing business-to-business services to virtual goods vendors and sales channels, including facilitating virtual goods transactions between virtual goods vendors and virtual goods sales channels and providing value-added services. It generates revenue from four business segments: leisure and entertainment; games; telecommunications; and lifestyle.
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